Advertisement
Singapore markets open in 5 hours 14 minutes
  • Straits Times Index

    3,314.14
    +8.12 (+0.25%)
     
  • S&P 500

    5,460.05
    -4.57 (-0.08%)
     
  • Dow

    39,459.18
    +308.85 (+0.79%)
     
  • Nasdaq

    17,547.62
    -141.74 (-0.80%)
     
  • Bitcoin USD

    59,842.49
    -4,241.71 (-6.62%)
     
  • CMC Crypto 200

    1,242.42
    -67.30 (-5.14%)
     
  • FTSE 100

    8,281.55
    +43.83 (+0.53%)
     
  • Gold

    2,345.20
    +14.00 (+0.60%)
     
  • Crude Oil

    81.66
    +0.93 (+1.15%)
     
  • 10-Yr Bond

    4.2480
    -0.0090 (-0.21%)
     
  • Nikkei

    38,804.65
    +208.18 (+0.54%)
     
  • Hang Seng

    18,027.71
    -0.81 (-0.00%)
     
  • FTSE Bursa Malaysia

    1,589.66
    -0.71 (-0.04%)
     
  • Jakarta Composite Index

    6,889.17
    -6,879.98 (-49.97%)
     
  • PSE Index

    6,272.46
    +113.98 (+1.85%)
     

ING Groep First Quarter 2024 Earnings: Beats Expectations

ING Groep (AMS:INGA) First Quarter 2024 Results

Key Financial Results

  • Revenue: €5.32b (down 2.9% from 1Q 2023).

  • Net income: €1.58b (flat on 1Q 2023).

  • Profit margin: 30% (in line with 1Q 2023).

  • EPS: €0.48.

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

ING Groep Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe.

Performance of the market in the Netherlands.

ADVERTISEMENT

The company's shares are up 6.6% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for ING Groep you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.